Information related to accounts receivable is given: Mobile Technology Ltd. reported an unadjusted balance of accounts receivable of $1,290,000 at 31 December 20X3, along with a credit balance in the allowance for doubtful accounts of $83,200 and an allowance for sales discounts of $6,100. At year-end, the company determined that an allowance of $12,000 for sales discounts was needed. It also decided that $53,600 of accounts receivable were uncollectible and should be written off. Of the remaining receivables, it was determined that 45% were current, and of the remaining net current balance, an allowance for doubtful accounts of 2% of the net balance was needed. The remaining 55% of outstanding accounts receivable were past due and an allowance for